Enzymes are biological catalysts used to accelerate the chemical reaction. Agricultural enzymes speed up the chemical reaction to unblock nutrients found in the soil and help in increasing yield and quality of crops and plants.

The use of enzymes is widespread in the agricultural industry owing to its application in increasing crop production. According to the research conducted in the University of Illinois in 2016; Carl R. Woese, Institute for Genomic Biology stated that the use of agricultural enzymes have increased photosynthesis by approximately 20%. Stringent government regulations pose challenges despite increasing demand for agricultural enzymes. This is a major restraining factor in the market growth.

The global agricultural enzymes market is segmented based on enzymes type, application, crop type, and geography. Based on enzyme type, the market is segmented into proteases, lipases, polymerases, carbohydrases, and nucleases. Based on crop type, the market is classified into oil seeds, grains, cereals, pulses, and fruits & vegetables. On the basis of applications, the market is divided into the growth control products, enhancing products, and fertility products. Geographically, the market is segmented into Asia-Pacific, North America, Europe, and LAMEA.

Enormous R&D investments are made by key industry players to drive innovation in the market, which also leads to an intense competition. In the industry, new product launches is a major strategy adopted by manufacturers along with huge investments in R&D. For instance, Avantec Amp is launched by Novozymes to help in increasing crop yield, which is also a major target for all industry players.